The Sell-Off Continues, But an Opportunity Appears
October 15, 2014
by Russ Koesterich
- In recent weeks, investors have been contending with two trends: anxiety over a change in Fed policy and evidence of a slowdown in the global economy.
- While global growth is likely to remain below historic norms, it is not collapsing. This suggests that investors should be positioned for a slow growth environment, not another recession.
- This, in turn, implies taking some selective risk in asset classes that have become less expensive as a result of the sell-off.
- One example of an asset that warrants another look: U.S. high yield bonds......